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Published on 29/01/2020 5:23:04 PM | Source: Abans Group

View On Pre-Budget Quotes By Mr. Abhishek Bansal

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Below is the Views On Pre-Budge Quotes by Mr. Abhishek Bansal, Chairman and Managing Director, Abans Group of Companies

The current government has brought in many reforms in the last six years. One of those is faster disinvestment of Public Sector Enterprises. But, the government has collected just 16.5 per cent of the annual target of Rs. 1.05 crores in FY19-20 through disinvestment. Although the current financial year was disappointing, we are hoping that the upcoming budget will address this issue as well. The government should focus on larger PSU's and fasten the process for sale of BPCL and CONCOR to raise nearly Rs. 60,000 Crores and Rs. 11,000 Crores respectively in the current financial year and add more PSU's such as MMTC, NDMC and BHEL in the next budget list. There are a total 58 listed Central Public Sector Enterprises (CPSEs) which are valued at Rs. 12,37,446 Crores as on Dec 2019.

 In another positive step, the Government is willing to sell 100% stake in loss-making Air India from 76% planned earlier. The Government is also planning to transfer debt of about Rs. 56,334 Crores to a special purpose vehicle to attract buyers.

 

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